[Mad_Tom_Rackham]

so if the dollar declines in value against gold

The US dollar is inevitably going to decline against everything -- because the Federal Government has doubled the number of dollars in circulation in order to pay for it's astronomical excess spending.

[ckilmer]

The US dollar is inevitably going to decline against everything...

.....
don’t put money on that one.

The likelihood grows daily that the pubbies will storm back into congress come the fall. there will be a night of the long knives on the budget and —less likely—higher taxes. that combined with the growing US economy—and it is growing in 2010—though it may be siphoning off 2011 growth—will lower the deficit.

The euro is in deeper doo doo.

The US dollar will decline against the chinese yuan but against the yen and euro— not so much. the likelihood right now is that the dollar will strengthen against the euro. betting is they will go back to parity.